Downtown Montréal Real Estate Market Report

November 2024 – October 2025

The Downtown Montréal real estate market has experienced a year marked by steady demand, fluctuating supply, and resilient pricing. Based on the past 12 months of activity across Ville-Marie, Le Plateau-Mont-Royal, and Le Sud-Ouest, here’s an in-depth look at how the market performed.

New Listings vs. Sales: A Market Defined by Tight Supply

Over the last 12 months, the market saw:

• 7,408 new properties listed

• 3,704 properties sold

This means only about half of all new listings resulted in a sale, illustrating ongoing supply-demand tension in the downtown core. Monthly activity showed consistent patterns:

Key Observations:

• New listings regularly outpaced sales—often by margins of 200–400 units per month.

• Spring months (March–May) showed the largest influx of new properties, reaching close to 800 new listings at peak.

• Sales volumes, while stable, never fully caught up to inventory, suggesting buyers had more choice but remained price-sensitive.

• Late summer (August) saw a notable cooling in sales, corresponding with the lowest median sold price of the year.

This widening gap between supply and demand is contributing to longer selling periods, with an average of 68 days on market.

Median Sold Prices: Stability with Seasonal Swings

Median pricing remained impressively resilient despite inventory pressures.

Median Pricing Over the 12-Month Period:

• Median Asking Prices: Generally hovered between $525,000 and $550,000, peaking around early fall.

• Median Sold Prices: Tracked slightly below asking as expected, ranging $500,000 to $535,000, with a sharp dip in August before rebounding strongly in September and October.

Notable Trends:

• Spring 2025 was strong, with both asking and sold prices rising, reflecting higher buyer engagement.

• August marked the weakest pricing month, likely tied to seasonal slowdown and an oversupply of listings.

• Fall 2025 saw renewed price strength, ending the period at a median sold price of $535,000 and asking prices pushing toward $560,000.

Despite fluctuations, the overall trend shows year-over-year price stability, reinforcing Downtown Montréal’s appeal to both investors and end-users.

What This Means for Sellers

• With new listings consistently exceeding sales, competitive pricing and strong presentation remain essential.

• Properties priced near the market median continue to attract the most attention.

• Days on market averaging over two months means patience is required, but well-positioned properties still sell efficiently.

What This Means for Buyers

• Increased inventory gives buyers more negotiating power than in previous years.

• Seasonal dips (especially late summer) proved to be good moments for value-oriented purchases.

• Median sold prices staying below asking shows that meaningful negotiation room still exists.